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and the state coffers, but its treaty on tax evasion with the swiss has led to trouble. >> the deal was done and dusted with switzerland, but the german opposition has found a way to undo it. >> the government desperately wants this treaty, but the opposition was having none of it. >> we cannot have a situation where people who avoided taxes by hiding money overseas are left better off than if they had paid their taxes properly. >> the opposition says the treaty is not tough enough. it would allow people with funds in switzerland to remain anonymous, paying a retroactive flat tax rate to avoid further scrutiny, but the government says the swiss agreement is the best deal anyone can expect. >> we will not find a better way of collecting unpaid taxes from the past. switzerland promised customers confidentiality, and it will not abolish that retroactively. >> even so, these demonstrators outside the assembly welcomed the vote. now it is back to the drawing board to find a way to get germans with swiss bank accounts to pay up. >> this is a real hot button issue in germany right now. let's go to
about america's fiscal problems. i outlined a framework that deals with reforming our tax code and reforming our spending. i believe the framework that i have outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we have put revenue on the table house speaker boehner -- on the table. >> house speaker pinera today after a meeting -- house speaker john boehner after a meeting at which the white house. does that mean that republicans are considering raising taxes on wealthy americans? >> yes, but there's a divorce between raising revenues and raising rates. and i'm afraid that half of washington, the liberal half, has an inability to understand. you can keep rates the same, or even lower them, as was recommended by the president's own debt commission, which he rejected, if you broaden the base by eliminating deductions and credits and all kinds of exemptions. that is how they did it in 1986. in the reagan-o'neill agreement. they lower the rates and raise revenue by broadening the base. every quarter century
for decades to invest. government officials have discounted corporate taxes and offered up land at cheap prices. >> translator: political tensions do exist but economically our relationship with japan is very tight. >> reporter: managers of japanese firms jumped at the south koreans offer. last year investment added up to 22 million u.s. dollars. >> reporter: it was built because the original estate ran out of space with an increasing number of japanese companies moving in. the five companies residing here now are all japanese. some who work in high-tech saw a chance to be closer to their clients including samsung and hyundai. one manufacturer opened a factory ten kilometers away from their client, lg. >> translator: clients technical demands are getting tougher. we knew we had to be closer to them. >> reporter: managers at both companies work together to smooth out the production process. they discovered and fixed a glitch in one production line. the change kus costs for both sides. they say they could have only made such progress by working face-to-face. >> translator: now the japanese
for an economic nightmare. unless u.s. lawmakers reach a budget deal in january 1, a raft of temporary tax cuts are due to expire, and spending cuts will take effect. >> that means the u.s. is charging full speed at the fiscal cliff. the dramatic fiscal tightening triggered by this press this could tip the u.s. and possibly the whole global economy into recession. here is more. >> precision craftsmanship, made in the usa the marlon still company in baltimore produces wire baskets for the automobile, defense, and medical industries. it is one of the fastest-growing companies in the u.s. the company president wants to keep it that way, but at the moment, he is holding off on further investments. >> this robot is a good quality robot. phowever, we want to buy the brand-new version that is made in germany. we are pausing right now because of the fiscal cliff. there is so much uncertainty about what will happen in the future. we are not pulling the trigger to by the german robot. >> the prospect of falling off the fiscal cliff frightens more than just greenblatt. numerous business owners across the
it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about the fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and congressional leaders to take prompt action. president obama is negotiating for a resolution with republicans but bernanke says delays in reaching an agreement would raise uncertainty over the u.s. economic outlook. he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight mont
on the present spending. >> in spite of record tax returns and cash from private companies, the treasury is still spending what it does not have. >> the finance minister is confident about germany's finances. he says they're cutting their that, he says, sends out a positive message to the rest of europe. >> i do not want to say we are a model people, but we're doing the utmost to live up to our responsibility. we have been very successful. >> the german draft project next year could spend 370 billion euro. the biggest chunk, one under 19 billion euro, would go to financing will bear and social security. the german government is putting aside 37 billion euro to cut the national debt. defense will be the third largest recipient. the german opposition and parties are not impressed. they said they should have prevented a budget that did not put them further into the red. >> you have failed in your task. instead of giving lectures in europe, and should have done your job in germany and brought the debt down to zero. you failed. >> the opposition's is taking on fresh a debt is risky with the eurozone i
for the crossings and for the goods to be imported without taxes, to open the port, to open the crossing with egypt and provide electricity. the siege must end and the people must live. >> an easing of the blockade would be a huge success for the people of gaza. i of hopes are not met, disappointment could quickly boilover into another round of violence -- if hopes are not met. >> for the latest, let's cross over to our correspondent in gaza city. the cease-fire appears to be holding. what are the people on the ground saying right now? >> there is a sense that -- people, of course, first of all are believed that the fighting for now at least is over. people are returning back to life, and schools will be opened they say on saturday. there were more funerals today, but there is also another feeling. a lot of people i talked to are not confident that this is an actual end to the violence. the terms of the agreement are not very clear. people do not really know what this could mean in the future. >> let's talk about those details. as you mentioned, they have yet to be hammered out for a lasting truce.
avoided a $2-million-year-old tax based on farmers' harvest. it was part of the president's effort to narrow the economic gap between urban and rural areas. hu also worked toward a sweeping consultation of coal mines and chemical plants, which resulted in a reduction in pollution. but the president hasn't been able to control china's income disparity or corruption among its bureaucrats, and so public anger with the government is snarling. migrant workers in cities and students looking for work are among those who are upset. hu also faced dissatisfaction, ethnic minorities and redevelopment. riots erupted in 2008 and in 2009. on the international front, china and hu used the remarkable economic growth to boost its influence. the country hosted the beijing olympics in 2008 and the shanghai expo in 2010. years of economic growth paid off that same year. china surpassed japan in gross domestic product to become the world's second largest economy behind the u.s. the chinese government, with its growing leader, started to flex its muscles in the region. it wrangled with asian nations ove
in carbon tax is an affordable in cash-strapped times. >> the members are open to come up with concrete cut to cut these gases up the conference. >> with so many lights glowing in the night at thousands of cars rolling through the city, it they do not seem too worried about global warming. qatar's initials are highest in the world. >> they are ambitious open for change on global level. they want to work to a new agreement that will take effect by 2020. >> this is a historic conference. it is a vital importance, considering the items on the agenda. it is a turning point in the negotiations on climate change. >> breyer's, experts have sounded urgent warnings about melting polar ice and extreme weather. they say that in order to limit global temperature rise to two degrees celsius, greenhouse gas emissions must be kept low, but total emissions are still rising every year. many experts believe may it already be too late. temperatures could surge by of to four degrees celsius this century. compared to pre-industrial levels. the consequences are incalculable. some nations are pushing for an exten
tax hikes and spending cuts in the united states known as the fiscal cliff. the analysts expect the eurozone will contract again in 2013 and they say the region's gross domestic product will shrink by 1/10th of a percent and predicted positive growth of 0.9% in the previous report six months ago. they lowered the growth expectation for the united states economy from 2.6% to 2%. they pointed to a sluggish recovery. the document warns the fiscal cliff would not only deal a heavy blow to the u.s. but might drag the global economy into recession. as for japan, the oect downgraded the outlook from 1.5% to 0.7%. they cited weak domestic demand. analysts urged the nation to compile detailed reliable plans for fiscal reform. u.s. consumer sentiment hit the highest level in more than four and a half years. researchers at analytics form the conference board say the consumer confidence index rose for a third straight month. the numbers rose to 73.7 in november, up from 73.1 in october. that's against a base value of 100 set in 1985. they say that the christmas shopping season started smoot
. you and i have to pay taxes. people have to train scientists to build bombs. people have to finance factories to do the building. everyone in this country is involved in that war. what the soldier did is at the end of an enormous long chain, he pulled the trigger. that was his part. but we all like to believe that he did it. we didn't do it. and that is going to alienate a person right away. it's like, "yeah, i did it. and what, and i'm the only one that is responsible for this? why are you laying it all on me?" that's one big problem. and i think it's a problem of alienation, when people come back, and they realize that nobody really cared. and they don't even want to take responsibility for the fact that they were part of the enormous machinery that had all this take place. so i do think that it's important. and i think that these people are proud. they're proud to be in the military. they are volunteers. and they generally want to do a good job and all that. but i can't think that they're not getting a bit resentful. seven tours? it's like, what are you guys doing to help here? a
Search Results 0 to 10 of about 11